News

Ethereum 2.0 Will Cause ETH Bull Run, Says Analyst

The long-awaited and much-talked-about Ethereum 2.0 will eventually begin soon. Even with all the anticipation, a crypto analyst has added to Ethereum’s talk of good fortune, and is predicting that it could spark an Ether (ETH) bull run. In addition to this, there also is the thought that Ethereum 2.0 could actually revolutionize the future of finance.

According to a recent publication from MetaCartel Ventures DAO partner Adam Cochran, ETH 2.0 will be the “largest economic shift in society.” Cochran laid out a few points to support his prediction.

Cochran mentions staking, predicting that it could be a strong catalyst for Ether. He says that staking rewards up to 5% could be seen as very juicy by large investors. He believes that through the investors, up to 30% of the asset’s entire supply could be staked.

He also talks about ETH’s burn mechanism. According to him, the number of ETH burnt should surpass the number of new assets entering the market, annually. This could help create a supply control, which could spike prices.

Cochran also says that one of the crucial improvements to ETH 2.0 is the increase in the number of transactions per second. This will drive its “commercial and consumer viability” and create an actual demand.

Ethereum co-founder Vitalik Buterin has said before, that ETH 2.0 will increase the network’s capacity by a thousandfold.

Image Credits: Pixabay

Leave a Reply

Your email address will not be published. Required fields are marked *